LRCUSD trade ideas
LRC and LoopringWe believe this future is built on Ethereum, and specifically on layer 2 (zkRollups)." Sites mission statement I really think there is still room for growth on the currency, Crazy part is Matt Finestone who was the CFA at loopring is now the Head of blockchain with Gamestop I know I have hella confirmation bias with GME however loopring is the protocol for said rollups to provide more liquidty and price discovery from making a more stable fee, Basically just would like your opinion on the Token itself and if the link is actually as simple as the rollups of EIP 720-Erc 21 the Roadmap was layed out in 2018 and most recently September 7th Vitalik tweeted just that. Basically the future of finance and transactions of NFTS more seemless with static fees
LRC 10-7-21 updatebroke cup pattern, now trading in a triangle pattern. 55-75% of the time when we see our MACD turn positive we will see a move up in the coming weeks. Still have good indications on making another leg up.
LRC 10-4-21 ready for next leg up!!!LRC has broken down from a bearish megaphone pattern into a parallel channel. Channel middle happens to be our support which took us in to a nice cup and handle pattern. stoch RSI is in perfect spot to make a move up into purple resistance zone. side note BTC has also made this pattern do able breaking from descending wedge pattern. if BTC holds we will see some good resistance from purple box, if BTC breaks out even more to the 51k-56k range expect a further increase into the .60s
LRCPushed back above support just in time for the weekly close. it was consolidating for a move that I would've anticipated a move down since it was a continuation pattern but has broken up. May go a little sideways before bouncing toward .60
LRCNo change. looks like we are breaking out of the falling wedge. This was a tight consoldiation and I think good upside from here. atleast to .7 but I think we will start testing the green levels if we break it which I think is likely
LRC to hit new weekly high?LRC recently formed a cup pattern from good weekly and daily volume. The top near .60. The bottom close to .20. However, energy levels are in exhaustion on multiple time frames (weekly and daily). Today's daily candle looks to be a shooting star candlestick. So I would recommend waiting for the "handle" to emerge for this cup and handle pattern to complete. As the "handle" forms during consolidation it will recharge the energy levels. With restored energy this should then allow for the price to move to a new weekly high (top of cup + depth of cup or .60 + .40) of around $1 USD.
long term uptrendcup and handle with flag pattern
long term uptrend channel
make lots of profit by LRC
LRC - blast off incoming. New ATH.3 words.
Cup and handle.
Clear monthly closes with higher lows.
Once the resistance is completely broken at the .55 zone, following are the targets:
Targets:
1.40 zone
Retest .90 zone
Final monthly wick 3.50+ zone
Plain and simple.
Who's holding this baby?
This is not investment or trading advice. You must be knowledgeable and conscious of your own decisions and actions.
LRC massive potentialLoopring has been on my main watchlist for a while
These are weekly candles but LRC is up over 50% on the day, showing the bulls stacking up
This one will be a late bloomer but as the market cycle continues, LRC will more than prove itself as it still hasn't surpassed its prior ATH.
Loopring Bullish Reversal Pattern .20-.25 under accumulation for the mark up to target .50-.60.
End of year could be worth $2+
💥LRCUSDT💥Near support areaLRCUSDT
Rebounce support area.
It is possible to do it again in the same area = +-0.14
RSI 4h = Possible Future Long
lrc analysis with some targetslrc analysis with some targets, for more alerts leave a comment with the word info
$LRCUSDT bullish continuation$LRC has reclaimed the daily level and held above, so I decided to take an entry. Looking at the 1H levels, this pullback as well as the bullish pin candlestick through the level seemed the perfect trigger for entering.
Loopring, The Time Has ComeThis one's set for an explosive move of unparalleled proportion.
As always, it's important you educate yourself and dyor! This is purely a speculative personal analysis.
I've been stacking LRC for quite a while now. This is the one of the few remaining layer twos that hasn't seen its day yet. Largely in part because of its novel complexity(ZK-rollups) and the recent market correction, it has been difficult for the average joe to wrap their head around its utility. That's all set to change very soon.
This is one of the most bleeding edge-crypto tech of its kind. We've seen Vitalik acknowledge this on several occasions.
“In the medium to long term ZK rollups will win out in all use cases as ZK-SNARK technology improves” — Vitalik Buterin (creator of Ethereum )
vitalik.ca
This is one of the the most stacked teams in all of the crypto ecosystem with some serious pedigree. Pioneering the next generation of L2. The product is about to reflect that real soon, making it one of the most popular decentralized exchanges of its kind. Comparable to its centralized counterparts like Coinbase, Binance, etc.
medium.com
medium.com
miro.medium.com
OBV - We're seeing buying pressure remain consistent in its trajectory. Seeing a consistent multi-month climb of OBV, regardless of the recent market volatility , it has maintained its structure. Overall it's looking good.
RSI - Originally bordering on oversold and lying dormant, RSI's cooled down since the recent market correction and breaking out of a wedge formation. Ready to accommodate an explosive climb.
MACD - Looks like it has been weighed down long enough by BTCs gravitational pull. Recently, flipping bullish after nearly a month.
STOCH - On the BTC Pairing: We've been able to flip the stochastic from a recent downtrend, altering its trajectory back into a climb.
LRC Next - $1.05-$1.10, Mid Term - $1.5 Long Term - $2-$2.5LRC Next - $1.05-$1.10, Mid - $1.5 Long - $2-$2.5 (Not a Financial Advise).
Need to check this layer 2 option outthis is one we have not personally played on yet.
anyone got any feedback
Parallel Channel BreakoutWe can see on the D1 Chart
Testing Daily Resistance for a breakout soon.
Next Stop 0.9s
Insane Volume on Loopring HourlyLooks like bears and bulls are still duking it out, because the price is not budging. I'm still bullish, but not buying until we see if this range holds and/or breaks out.
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I think we are seeing the build up to something hugeBeautiful definition: LRCUSD macro log chart
For the most part, LRC has been moving up or horizontally since the start of 2020.
Remember, Loopring is not getting left behind by any means.
